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Lawmakers from AOC to Ted Cruz are bashing Robinhood over its GameStop trading freeze
Lawmakers from both major parties criticized Robinhood on Thursday after the California-based financial services firm announced it had restricted its customers’ ability to buy stock in GameStop and other companies whose shares have been driven up by retail investors organized online. Robinhood announced earlier in the day that it had limited trade in GameStop and other stocks targeted by investors on the irreverent WallStreetBets Reddit forum, citing “recent volatility.” Investors from the message board had sent shares of the video game retailer up 1,500% in recent weeks, in the process pulling off a calamitous ... (full story)
